CEO tenure, Corporate Governance and Dividend Policy- Banks in Taiwan

• Main Authors: Pin-Cheng Lai, 賴品澄
• Other Authors: Ying-Fen Lin
• Format: Others
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/pv7355

碩士 === 國立東華大學 === 會計與財務碩士學位學程 === 105 === Due to the highly regulated environment of the banking industry, the literature of banks is not commonly seen as the non-financial companies. There is no denying that the importance of corporate governance for the banking industry because bank failures may affect the stakeholders severely, especially during a recessionary period. This study is focusing on the cash dividend policy for the banking industry in Taiwan. The purpose of the study is to investigate how the long CEO tenure, government ownership and corporate governance affects cash dividend policy based on the data from banks in Taiwan during 2008 to 2015.The findings of this study suggest that (1) long CEO tenure is negatively correlated with cash dividend policy. (2) Board size is negatively correlated with cash dividend policy. (3) Government ownership is positively correlated with cash dividend policy. (4) The institutional ownership (excluding government ownership) is positively correlated with cash dividend policy.